Country receives $1.178bn in remittance till Feb end

The country received about US$1.178 billion in remittance in first 27 days of February this year, UNB reports.In January, the total remittance received by the country was $1.243 billion.Of the total remittance received in 27 days of the last month, non-resident Bangladeshis (NRBs) living in different countries sent $266.68 million in the first six days, $331.22 million on February 7-13, $291.67 million on February 14-20 and $289.05 million on February 21-27, according to available Bangladesh Bank data.

During the period, the four state-owned commercial banks — Agrani, Janata, Rupali and Sonali — received $375.23 million from the expatriate Bangladeshis while four state-owned specialised banks $15.64 million. The maximum remittance came through the private commercial banks who brought $773.11 million while the nine foreign banks received only $14.65 million.

Among the private banks, Islami Bank Bangladesh Limited (IBBL) led the foreign remittance inward flow with receiving the highest amount of $298.56 million, followed by National Bank Limited (NBL) with $60.29 million. However, the lowest remittance was received by the three NRB banks, which were set up by non-resident Bangladeshis with the main aim of remitting their earnings.